The global DRAM market is anticipated to grow at a CAGR of around 8.3% during the forecast period. DRAM is a type of semiconductor memory or an electronic device used as a computer memory in which digital data is stored in form of small bits on the capacitors incorporated inside the integrated circuit board/chip. The market is expected to witness growth in demand due to the increasing use of semiconductor components in various verticals such as consumer electronics, automotive, gaming consoles, IT, and telecom. Increasing smartphones and other consumer electronics devices are the major factors driving the demand for DRAMs. Moreover, the emergence of ultra-thin notebooks, mobile devices with less power consumption and high performance, growing demand for cloud computing, and the need for high-speed communication devices are also the factors boosting the adoption of DRAMs, which in turn, driving the market growth. Growing data centers and increasing cloud servers globally are creating the demand for DRAMs as a high-density memory to store a large amount of data with less power consumption and strong backup facilities. Moreover, the increasing adoption of microcontrollers and memory ICs in automotive electronics has also accelerated the need for DRAMs. 

Factors such as the high cost of R&D, growing cost of design and integration of memory circuits, and increasing substitutes for DRAMS such as NAND flash memory are expected to hamper the market growth during the forecast period. Furthermore, the increasing use of DRAMs in wearable gadgets and high-performance devices in data centers, and emerging economies are anticipated to offer lucrative growth opportunities during the forecast period.

Impact of COVID-19 on Global DRAM Market

The global DRAM market is hardly hit by the impact of the COVID-19 pandemic. The market is highly affected in Asia-Pacific countries, especially in China. Other than China, the ASEAN countries such as Taiwan, Singapore, South Korea are the major contributor to the market growth, due to the lockdown imposed by the government of these countries, and a halt in production units, the market experienced a declination in growth. China is the major hub for electronics, and the largest supplier of raw material for semiconductor memory manufacturing, the disruption in the raw material supply chain has negatively impacted the production of new memory components and devices. Post COVID-19, the market is projected to regain its momentum with increasing consumer demands for electronic devices, and with rising data centers globally, and growth in various verticals. Moreover, the impact of COVID-19 on European countries especially in Italy, Spain, Germany, and France will be expected to have for a long time.  The US is projected to have a considerable growth rate owing to the increasing efforts to get recovery from the situation. 

Segmental Outlook  

The global DRAM market is segmented based on type, technology, and application. Based on type, the market is categorized into synchronous DRAM, Rambus DRAM, double data rate SDRAM, fast page mode DRAM, and extended data out DRAM. On the basis of technology, the market is segregated into DDR4, DDR3, DDR5, and DDR2. Similarly, based on application, the global DRAM market is divided into computing devices, consumer electronics, automotive, gaming consoles & networking devices, and others.

Global DRAM Market Share by Application, 2020 (%)

Computing Device Segment is Projected to Hold Significant Share in Global DRAM Market

Among applications of DRAM, the computing device segment held the largest share in the market in 2020, and it is projected to hold a significant share during the forecast period. Computing devices include smartphones, tablets, laptops, PADs, and others. Among all these, the smartphone generated the highest revenue owing to the increasing demand for smartphones among the population. Due to increased smartphones, the demand for DRAM semiconductor memory has also increased, hence market registered growth. Advancements in consumer electronics such as the introduction of light notebooks with less power consumption, and smartphones with large memory capacity, and wearable devices are anticipated to increase the demand for DRAM. Moreover, various advantages such as increased storage, improved volatile memory, high endurance, and low power consumption provided by DRAM, leading to the adoption of this in the computing devices sector.

Regional Outlook 

Geographically, the global chatbot market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America dominated the market in 2020, and it is further projected to maintain its dominance by accounting largest market share during the forecast period. The factors that are augmenting the growth of the DRAM market in the region include increasing technological advancements, growing demand for consumer electronics, and the presence of large data centers that augmented the need for DRAMs. 

Global DRAM Market Growth, By Region 2021-2027

Asia-Pacific is projected to be the fastest-growing region in the global DRAM market

Geographically, Asia-Pacific is projected to grow at the fastest rate during the forecast period. In Asia-Pacific, China, Japan, India, and South Korea are the major economies contributing towards the growth of the market in the region. Apart from these major economies, countries like Taiwan, and Singapore also contributing to the growth of the market owing to the presence of major market players and their contribution towards developing DRAM for various verticals. Other factors such as high smartphone penetration, government support, and increasing production capacities by major players are also enhancing the market growth. The semiconductor and ICs industry are one of the largest industries in Asia-Pacific responsible for significant growth in the market during the forecast period.   

Market Players Outlook

The key players in the DRAM market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Etron Technology, Inc. (Taiwan), Intel Corp (US), Kingston Technology Corp. (US), Micron Technology, Inc. (US), Nanya Technology Corp (Taiwan), Samsung Electronics Co. Ltd (Korea), Toshiba Corp, Winbond Electronics Corp., Texas Instruments (TI) (US), among Others. In order to remain competitive in the market, these market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others. For instance, in October 2019, Intelligent Memory company expanded its DRAM production lines with the introduction of new series of LPDDR4(X) devices with integrated ECC (error correction code) capabilities to fulfill the demand for the automotive industry. 

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global DRAM market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.